Following several quarters of fixing the overstated microfinance incomes and misclassified loans, IndusInd’s Q1 net profit came in at ₹1,037 crore, against ₹604 crore last year, aided by a return to sequential loan growth and improving asset quality. Loans grew 3.3% sequentially to ₹3.26 trillion and gross NPA ratio improved 18 bps to 3.25%, led by sharp moderation in microfinance stress.
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